A year removed from launch, Assetz Capital already boasts an impressive array of accomplishments.
Having recently smashed through the £20m barrier in total volume lent, Assetz now reveal that their investors have earned over £1m collectively since the platform’s inception. Assetz claims to be among the six fastest growing p2p platforms in the world. The Liberum AltFi Index has shown that growth to be reassuringly regular over the past four months. The exponential growth of the platform has it on track to have lent £100m by the close of 2014.
“Over the past 12 months, we’ve shown that our model – providing carefully-selected loans with tangible security – is what lenders want. Thanks to the senior lending team, high levels of security and market-leading returns, we’ve attracted thousands of investors investing anything from £20 to multi-million pound portfolios through Assetz Capital.”
“This level of growth shows just how realistic our target of £100m lent in 2014 is, and highlights the appetite for peer-to-peer lending among businesses and investors.”
In related news, the platform has experienced a marked increase in trading on its aftermarket in 2014. This allows investors to buy and sell loan parts, and Assetz do not charged a fee for the service. There is currently in excess of 12,000 loan parts for sale, the combined worth of which tops £1m. This aftermarket has been doubling in size every month for the past 4 months. This facility allows the platform’s investors access to instant returns – bypassing the loan process and achieving improved liquidity.
Philip Gostling, Founding Director of Northern Vaapourisers – which borrowed money via the Assetz platform to fund international expansion – commented:
“Growing any business costs money: we were able to get a small loan from our bank but struggled to raise the finance we needed to really expand, despite having a very strong case.”
“We’re always hearing from the Government that exports are key to the economic recovery, but unfortunately that message doesn’t seem to have trickled down to the banks, who were unwilling to help. We were able to secure funding through Assetz Capital, a peer-to-peer lender, and thankfully the process was quick and simple – they took a serious look at the business, even coming to visit us on site, and got things moving without delay”.
Assetz marked their first anniversary with a number of cashback incentives of up to 1% for new and existing lenders alike.
Join AltFi at their fourth annual Australasia Summit to examine the future of lending in Australia. Where we present best practices across, technology, partnerships, open banking, governance, data access, consumer experience, capital markets & funding, the role of government and regulation.